SEOUL, Sept. 13 (Korea Bizwire) – A new social media phenomenon is sweeping across South Korea, with young adults eagerly accessing and sharing their school records online in a wave of nostalgic self-reflection. The trend, particularly popular among the so-called MZ generation (Millennials and Gen Z), involves individuals retrieving their elementary, middle, and high school records [...]
SEOUL, Sept. 13 (Korea Bizwire) – YouTube’s new feature allowing vertical live video broadcasts is drawing criticism for exposing users to potentially harmful content without adequate safeguards. The video-sharing platform introduced the vertical live streaming service last year, building on the popularity of its short-form video feature, Shorts. The new format allows creators to broadcast live [...]
SEOUL, Sept. 13 (Korea Bizwire) – The Korea Meteorological Administration (KMA) announced on September 11 that La Niña conditions are likely to develop this fall, following the dissipation of El Niño last May. According to the KMA’s analysis of El Niño-Southern Oscillation (ENSO) prediction models, sea surface temperatures in the monitored Pacific regions are gradually decreasing. [...]
SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 13 (Korea Bizwire) – Naver, the South Korean internet giant, is set to collaborate with Saudi Arabia’s Data and Artificial Intelligence Authority (SDAIA) to develop a large language model (LLM) based on Arabic, marking a significant step in the company’s Middle Eastern expansion strategy. On September 10, during the three-day Global AI Summit conference [...]
SEOUL, Sept. 12 (Korea Bizwire) –In a surprising turn of events, the popular K-pop girl group NewJeans has issued an ultimatum to their management company HYBE and its chairman Bang Si-hyuk, demanding the reinstatement of former CEO Min Hee-jin by September 25. This bold move has led industry insiders to speculate about the possibility of [...]
SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics’ ambitious push into advanced chip manufacturing in the United States has encountered a significant setback, with the company recalling a majority of its Korean employees from its Taylor, Texas foundry project. This move signals a pause in the semiconductor giant’s drive to challenge Taiwan’s TSMC in the cutting-edge [...]
SEOUL, Sept. 12 (Korea Bizwire) – Bentley, the British luxury automaker, has launched the fourth generation of its flagship sedan, the Flying Spur, in South Korea, choosing the country for the model’s global premiere. On September 11, Bentley Motors Korea held a media launch event at the Bentley Tower in Dongdaemun-gu, Seoul, to introduce the latest [...]
SEOUL, Sept. 12 (Korea Bizwire) – In a bid to boost employee morale and bridge generational gaps, several South Korean companies are turning to an unlikely source: e-sports tournaments. These in-house gaming competitions are becoming increasingly popular as a means to promote teamwork and create a more relaxed corporate culture. Hyundai Wia, a leading automotive parts [...]
DAEJEON, Sept. 12 (Korea Bizwire) – The Korea Institute of Energy Research (KIER) has announced a breakthrough in urban electrification technology, leveraging artificial intelligence to stabilize renewable energy grids in cities. The development, announced on September 11, marks a significant step towards sustainable urban environments and carbon neutrality. Urban electrification, the process of transitioning city energy [...]